This article is for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade/investment.
Do you feel happier these days?
Afterall, work is usually winding down unless you’re in the tourism, hospitality, retail, or F&B industry.
If you are in any of the industries mentioned above, you will get your rest soon. Hang in there!
The streets are lit up with dazzling Christmas trees and lights. Melodious jingles fill malls, ramping up the festive mood. Shoppers can be seen with bags of new purchases, taking their time strolling about. It’s a beautiful scene.
As we countdown to Christmas, these 2 stocks could be toppings to a fantastic Christmas.
But before I share the stocks that I’ve uncovered, you may want to review the performance of the 2 stocks shared in November.
Ulta Beauty (NASDAQ: ULTA)
Source: ulta.com
1. About the Company
Ulta Beauty was founded in 1990 as a retailer of beauty products.
The company grew so fast, that it became a publicly traded company in 2007, just 17 years later.
Did the company stop to bask in its new found glory?
No.
Just a year later, Ulta Beauty opened its 2nd distribution center.
The company continued its innovative approach to retail and found resounding success.
As a trader, is it a good idea to buy its shares for a position trade?
2. Position Trading (Daily)
Looking at the chart of Ulta Beauty, can you tell that traders and investors adore the company’s shares?
This can be easily inferred from its might uptrend, which can be told by comparing the number of blue candles (outlined or solid) against the number of red candles (outlined or solid).
You won’t need to put on Moving Averages or draw trendlines to help you decide. When there are more blue candles, it indicates that the stock is in an uptrend.
Seeing that the shares of Ulta Beauty are in a solid uptrend, you’ll want to be on the lookout for a buying opportunity.
This brings me to the 2 proprietary indicators I have on my chart – the green arrow and Trend Impulse Factor.
Do you notice a green arrow under the latest candle of Ulta Beauty?
This tells us that a fresh bullish move is here!
Before I get carried away, let’s have a look at what the Trend Impulse Factor tells us.
Its bar is not dark green in color. What does this mean?
This means that there’s a lack of sustained momentum in this fresh bullish move presently. Thus, I’ll wait for its Trend Impulse Factor to turn dark green before buying its shares for a position trade.
Zions Bancorp (NASDAQ: ZION)
Source: zionsbancorporation.com
1. About the Company
Zions Bancorp was founded in 1873 as a savings bank.
The company played a major role in developing Utah by funding the formation of several major industrial companies in the state.
Over the centuries, Zions Bancorp stood strong, withstanding harsh economic crises. It has also transformed itself to become a full bank.
As the bank continues to focus on technological advancement and community investment, does the market agree that its stock is a great candidate for a position trade?
2. Position Trading (Daily)
Without the need for Moving Averages or other charting tools, can you tell that the share price of Zions Bancorp is in a mighty uptrend?
This can be easily inferred from comparing the number of blue candles (outlined or solid) against the number of red candles (outlined or solid). When the majority of the candles are in blue, the stock is in a strong uptrend.
To increase your chances of success, look for a buying opportunity.
But, timing is important. You don’t want to get stuck with a stock that doesn’t bring you a return.
To help you better time your entry, 2 proprietary indicators have been formulated. They are the green arrow and Trend Impulse Factor.
With the sight of the green arrow under the latest candle of Zions Bancorp, this is a fresh bullish move.
Will I rush to buy its shares for a position trade?
Let’s take a look at what the Trend Impulse Factor indicator suggests.
Do you see that the color of its bar is not dark green yet?
This suggests that this fresh bullish move might not sustain, thus I’ll want to wait for it to turn dark green before buying its shares for a position trade.
Conclusion
Christmas is approaching and the festive mood is strong.
As we shop, I’m also on the lookout to shop for great stocks for a position trade.
While combing the market for stocks to buy, I’ve uncovered these 2 great candidates – Ulta Beauty and Zions Bancorp.
A fresh bullish move has emerged for these 2 stocks. However, the momentum isn’t as strong as I’d like it to be, as suggested by the Trend Impulse Factor indicator.
I’m waiting for the bar of the Trend Impulse Factor indicator to turn dark green to tell me that the shares of Ulta Beauty and Zions Bancorp are ripe for a position trade.
Trading stocks without a proper system can be highly risky. This is why the TradersGPS (TGPS) system was created. The indicators will help you determine if a stock is ready for action to be taken. You won’t have to feel in the dark and make wild guesses.
What are your thoughts?
Share your thoughts with me below!
